Covisint Corp (COVS) [Rocket]

In millions, except per share items	Mar-31-17	Mar-31-16	Mar-31-15	Mar-31-14	Mar-31-13	Mar-31-12	Mar-31-11
	10-K	10-K	10-K	10-K	10-K	10-K	S-1/A
Revenues:
United States	60.2	65.6	75.9	83.3	77.5	64.1
Other	10.1	10.4	12.6	13.8	14.4	5.6
Revenues	70.2	76.0	88.5	97.1	91.9	69.7
Revenue growth [+]	-7.6%	-14.1%	-8.9%	5.7%	31.9%
United States	-8.2%	-13.6%	-8.9%	7.5%	20.9%
Cost of goods sold	33.3	35.0	66.4	56.4	0.0	0.0
Gross profit	37.0	41.1	22.1	40.8	91.9	69.7
Gross margin	52.6%	54.0%	25.0%	42.0%	100.0%	100.0%
Selling, general and administrative [+]	38.3	42.7	50.2	63.9	26.6	22.5
Sales and marketing	26.8	29.4	32.6	35.3	26.6	22.5
General and administrative	11.5	13.3	17.6	28.7
Research and development	11.4	13.0	10.4	12.4
Other operating expenses					22.1	13.9
EBITDA [+]	-5.5	-7.9	-28.9	-26.9	49.8	38.0
EBITDA growth	-30.4%	-72.7%	7.6%	-154.0%	31.0%
EBITDA margin	-7.8%	-10.4%	-32.7%	-27.7%	54.2%	54.5%
Depreciation	2.9	3.4	2.4	1.6	1.2	1.3
EBITA	-8.4	-11.3	-31.3	-28.5	48.6	36.7
EBITA margin	-12.0%	-14.8%	-35.4%	-29.3%	52.9%	52.7%
Amortization of intangibles	4.3	3.4	7.2	7.1	5.4	3.5
EBIT [+]	-12.7	-14.7	-38.5	-35.6	43.2	33.2
EBIT growth	-13.4%	-61.9%	8.3%	-182.4%	30.0%
EBIT margin	-18.1%	-19.3%	-43.5%	-36.6%	47.0%	47.7%
Other income (expense), net	0.1	0.0	0.1		-48.7	-36.5
Pre-tax income	-12.7	-14.7	-38.5	-35.6	-5.6	-3.3
Income taxes	0.1	0.2	0.1	0.1	0.1	0.1
Net income	-12.7	-14.9	-38.6	-35.7	-5.7	-3.3
Net margin	-18.1%	-19.6%	-43.6%	-36.7%	-6.2%	-4.8%

Basic EPS [+]	($0.31)	($0.38)	($1.01)	($1.06)	($0.19)	($0.11)
Growth	-16.8%	-62.8%	-4.4%	460.5%	69.9%
Diluted EPS [+]	($0.31)	($0.38)	($1.01)	($1.06)	($0.19)	($0.11)
Growth	-16.8%	-62.8%	-4.4%	460.5%	69.9%

Shares outstanding (basic) [+]	40.7	39.7	38.2	33.8	30.0	30.0
Growth	2.7%	3.8%	13.2%	12.6%	0.0%
Shares outstanding (diluted) [+]	40.7	39.7	38.2	33.8	30.0	30.0
Growth	2.7%	3.8%	13.2%	12.6%	0.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.